New World Advisors LLC Makes New Investment in Invesco QQQ $QQQ

New World Advisors LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 508 shares of the exchange traded fund’s stock, valued at approximately $280,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cozad Asset Management Inc. lifted its holdings in shares of Invesco QQQ by 9.3% during the second quarter. Cozad Asset Management Inc. now owns 14,367 shares of the exchange traded fund’s stock worth $7,925,000 after purchasing an additional 1,225 shares during the period. Tableaux LLC purchased a new stake in shares of Invesco QQQ in the second quarter valued at about $1,428,000. Del Sette Capital Management LLC purchased a new stake in shares of Invesco QQQ in the second quarter valued at about $442,000. Cooper Haims Advisors LLC increased its stake in shares of Invesco QQQ by 2.7% during the second quarter. Cooper Haims Advisors LLC now owns 944 shares of the exchange traded fund’s stock worth $521,000 after acquiring an additional 25 shares during the period. Finally, Archer Investment Corp raised its holdings in Invesco QQQ by 3.1% during the second quarter. Archer Investment Corp now owns 48,711 shares of the exchange traded fund’s stock worth $26,871,000 after purchasing an additional 1,457 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Shares of NASDAQ:QQQ opened at $590.07 on Friday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01. The company has a 50-day moving average price of $607.15 and a 200 day moving average price of $568.52.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, September 22nd were given a $0.694 dividend. The ex-dividend date was Monday, September 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.59. This represents a $2.78 annualized dividend and a yield of 0.5%.

Invesco QQQ Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.